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Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Subdivision 5304 - Central Park
MLS Listing ID X13573008
Annual Tax Amount $4,258
Tax Year 2025
Property Sub-Type Land
Property Description
Shovel-ready purpose-built rental development opportunity in one of Ottawa's most desirable urban corridors.1240 Carling Avenue presents a rare opportunity to acquire a fully approved 18-unit apartment development with the key municipal approvals already secured. The demolition permit has been issued, and the building permit has been approved, with issuance pending only the payment of educational development fees. No other municipal approvals or fees remain prior to commencing construction. Designed with construction efficiency in mind, the project has been thoughtfully engineered to minimize unnecessary construction costs while maximizing energy efficiency, buildability and developer margin. Skip years of planning, approvals and consultant coordination and move directly toward construction. Situated along Carling Avenue, the property enjoys exceptional connectivity to Highway 417 and Ottawa's major arterial road network, offering convenient access across the city. The site is within walking distance of The Ottawa Hospital Civic Campus, public transit, shopping, restaurants, parks and everyday amenities, and is surrounded by major employment centres that continue to support strong rental demand. Its central location, excellent accessibility and proximity to significant employment make it an ideal setting for a purpose-built rental investment. A comprehensive due diligence package, including plans, approvals, studies and supporting documentation for CMHC MLI Select financing, is available upon request. An exceptional opportunity for developers and investors seeking a construction-ready project in one of Ottawa's strongest rental markets.
Location
Province ON
County Ottawa
Area Ottawa
Zoning AM1[2197]H(11)
Exterior
Utilities Available Available
Building
Lot Description Lot
Lited by EXP REALTY